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Sharon Lee is looking to invest in a three-year bond that makes semiannual coupon payments at a rate of 5.225 percent. If these bonds nave
Sharon Lee is looking to invest in a three-year bond that makes semiannual coupon payments at a rate of 5.225 percent. If these bonds nave a market price of $977.190, what yield to maturity can she expect to earn? (Round intermediate calculations to 5 decimal places, e.g. 1.25145 and final answer to 2 decimal places, e.g. 15.25\%.)
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